Ohio · statute · Ohio Rev. Code ch. 1357 · 11 active provisions
As used in this chapter: (A)(1) "Advertise" means directly or indirectly publishing, disseminating, circulating, or placing before the public any written, oral, electronic, or printed communication for the purpose of inducing a consumer to enter into a consumer legal funding agreement. (2) For the purposes of division…
The general assembly, in enacting sections 1357.01 to 1357.10 of the Revised Code pursuant to this act, hereby declares its intent to adopt regulations concerning a narrow range of consumer legal funding agreements and commercial litigation financing agreements as contemplated in the holding of the Ohio Supreme Court i…
(A) Beginning ninety days after the effective date of this section, all consumer legal funding companies shall register with the attorney general prior to commencing any business activity in this state. (B) The attorney general shall establish a process that allows consumer legal funding companies to register under thi…
(A) A consumer legal funding company shall not enter into, or seek to enter into, a consumer legal funding agreement unless all of the following apply: (1) The agreement is completely filled-in when presented to the consumer for signature. (2) The agreement includes space on each page for the consumer's initials. (3) T…
A consumer legal funding company shall not do any of the following: (A) Pay or offer to pay a commission, referral fee, or other form of consideration to any attorney, law firm, health care provider, chiropractor, or physical therapist, or to any employee or agent of the foregoing, for referring a consumer to the compa…
(A) An attorney retained by a consumer in a legal claim shall not disclose confidential or privileged information to a consumer legal funding company without first obtaining written consent from the consumer and without first ensuring that the disclosure is not prohibited by court rules, a court order, or the rules of…
A consumer legal funding agreement places a lien on the proceeds of the consumer's legal claim that supersedes all subsequently perfected liens on such proceeds other than liens directly related to the legal claim and expressly authorized by state or federal law, such as a lien for attorneys fees, a lien by the departm…
(A) No consumer legal funding company shall knowingly enter into a consumer legal financing agreement with a person or entity that is not domiciled in the United States or respecting a legal claim that is financed, directly or indirectly, by a person or entity not domiciled in the United States. (B) No commercial litig…
(A) Beginning ninety days after the effective date of this section, all commercial litigation financiers shall register with the attorney general prior to commencing any business activity in this state. (B) The attorney general shall establish a process that allows commercial litigation financiers to register under thi…
(A) No claimant, attorney or law firm representing a claimant, or affiliated attorney or law firm shall disclose or share any documents or information with a commercial litigation financier that are subject to a protective or sealing order from a court. (B) A commercial litigation financier shall not make any decision,…
The attorney general may file a complaint seeking any equitable remedy, including barring a commercial litigation financier or consumer legal funding company from doing business in this state in the capacity as a commercial litigation financier or a consumer legal funding company, if the commercial litigation financier…